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NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameNEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN
Plan identification number 002

NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NEW ENGLAND RETINA ASSOCIATES, P.C. has sponsored the creation of one or more 401k plans.

Company Name:NEW ENGLAND RETINA ASSOCIATES, P.C.
Employer identification number (EIN):061414890
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01DAVID TOM2023-10-13
0022021-01-01DAVID TOM2022-10-14
0022020-01-01DAVID TOM2021-10-08
0022019-01-01DAVID TOM2020-10-13
0022018-01-01DAVID TOM2019-09-09
0022017-01-01DAVID TOM2018-10-12
0022016-01-01DAVID TOM2017-10-13

Plan Statistics for NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2022: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,166,097
Acturial value of plan assets2022-12-312,166,097
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3111
Fundng target for terminated vested participants2022-12-3134,620
Active participant vested funding target2022-12-311,945,257
Number of active participants2022-12-3135
Total funding liabilities for active participants2022-12-311,969,072
Total participant count2022-12-3146
Total funding target for all participants2022-12-312,003,692
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31287,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31287,787
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31300,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31308,037
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31375,897
Net shortfall amortization installment of oustanding balance2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31213,492
Additional cash requirement2022-12-31213,492
Contributions allocatedtoward minimum required contributions for current year2022-12-31308,037
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,024,082
Acturial value of plan assets2021-12-312,024,082
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-3133,319
Active participant vested funding target2021-12-311,615,630
Number of active participants2021-12-3133
Total funding liabilities for active participants2021-12-311,630,539
Total participant count2021-12-3143
Total funding target for all participants2021-12-311,663,858
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31194,975
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31194,975
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31400,000
Total employee contributions2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31389,400
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31461,837
Total funding amount beforereflecting carryover/prefunding balances2021-12-31101,613
Additional cash requirement2021-12-31101,613
Contributions allocatedtoward minimum required contributions for current year2021-12-31389,400
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,462,977
Acturial value of plan assets2020-12-311,462,977
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-312,047
Active participant vested funding target2020-12-311,016,283
Number of active participants2020-12-3134
Total funding liabilities for active participants2020-12-311,281,604
Total participant count2020-12-3141
Total funding target for all participants2020-12-311,283,651
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31400,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31389,275
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31373,625
Total funding amount beforereflecting carryover/prefunding balances2020-12-31194,300
Additional cash requirement2020-12-31194,300
Contributions allocatedtoward minimum required contributions for current year2020-12-31389,275
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,013,643
Acturial value of plan assets2019-12-311,013,643
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-318
Fundng target for terminated vested participants2019-12-313,788
Active participant vested funding target2019-12-31369,305
Number of active participants2019-12-3130
Total funding liabilities for active participants2019-12-31932,744
Total participant count2019-12-3138
Total funding target for all participants2019-12-31936,532
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31360,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31350,372
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31333,161
Total funding amount beforereflecting carryover/prefunding balances2019-12-31256,050
Additional cash requirement2019-12-31256,050
Contributions allocatedtoward minimum required contributions for current year2019-12-31350,372
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31526,556
Acturial value of plan assets2018-12-31526,556
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-31505
Active participant vested funding target2018-12-3195,363
Number of active participants2018-12-3131
Total funding liabilities for active participants2018-12-31483,163
Total participant count2018-12-3133
Total funding target for all participants2018-12-31483,668
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31384,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31372,447
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31259,273
Total funding amount beforereflecting carryover/prefunding balances2018-12-31216,385
Additional cash requirement2018-12-31216,385
Contributions allocatedtoward minimum required contributions for current year2018-12-31372,447
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31305,548
Acturial value of plan assets2017-12-31305,548
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31413
Number of active participants2017-12-3128
Total funding liabilities for active participants2017-12-31240,409
Total participant count2017-12-3129
Total funding target for all participants2017-12-31240,822
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31250,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31239,744
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31251,100
Total funding amount beforereflecting carryover/prefunding balances2017-12-31186,374
Additional cash requirement2017-12-31186,374
Contributions allocatedtoward minimum required contributions for current year2017-12-31239,744
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NEW ENGLAND RETINA ASSOCIATES, P.C. DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-310
Acturial value of plan assets2016-12-310
Active participant vested funding target2016-12-310
Number of active participants2016-12-3121
Total funding liabilities for active participants2016-12-310
Total participant count2016-12-3121
Total funding target for all participants2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31292,984
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31280,807
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31280,594
Total funding amount beforereflecting carryover/prefunding balances2016-12-31280,594
Additional cash requirement2016-12-31280,594
Contributions allocatedtoward minimum required contributions for current year2016-12-31280,807
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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